12.09.2016 - Technical view on stock indexes
The price of the futures on the American stock index S&P500 has shown sharp growth during which has broken through the important levels 2170 and 2150. This fact is the basis for opening short positions with potential targets at 2040 and 1950. In case of rebound after the recent decline, the price may reach the level of 2150. Our medium-term outlook remains negative and we are forecasting the fall in the near future.
Nearest resistance levels: 2120, 2135, 2150, 2170, 2200, 2250, 2300
Nearest support levels: 2080, 2040, 2020, 2000, 1980, 1950, 1910
The price of the futures on the German stock index DAX30 has shown a sharp drop and as a result has broken through the support level at 10500. This fact is the basis for the continuation of negative dynamics and opening short positions with potential targets at 9800 and 9300. In case of rebound from the support level at 10300, the quotes can return to the level of 10500. Our medium-term outlook remains negative and we are forecasting a drop in the near future.
Nearest resistance levels: 10500, 10800, 11000, 11200
Nearest support levels: 10150, 9800, 9600, 9300, 9000, 8750, 7900, 7500
The price of the futures on the Japanese stock index Nikkei225 broke through the strong support level at 16800 and is currently located around the level of 16550. In case of continued negative dynamics, targets will be 16300 and 15850. The growth within the correction is limited by the level of 16800 and an inclined resistance line. Our medium-term outlook remains negative.
Nearest resistance levels: 16800, 17250, 17500, 18000, 18600, 19000
Nearest support levels: 16300, 15850, 15400, 15000, 14000, 13600, 12500